2019-12941
[Federal Register Volume 84, Number 118 (Wednesday, June 19, 2019)]
[Notices]
[Page 28510]
From the Federal Register Online via the Government Publishing Office
[www.gpo.gov]
[FR Doc No: 2019-12941]
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COMMODITY FUTURES TRADING COMMISSION
Agency Information Collection Activities: Notice of Intent To
Revise Collection Numbers 3038-0087, Reporting, Recordkeeping, and
Daily Trading Records Requirements for Swap Dealers and Major Swap
Participants
AGENCY: Commodity Futures Trading Commission.
ACTION: Notice.
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SUMMARY: In compliance with the Paperwork Reduction Act of 1995 (PRA),
this notice announces that the Information Collection Request (ICR)
abstracted below has been forwarded to the Office of Management and
Budget (OMB) for review and comment. The ICR describes the nature of
the information collection and its expected costs and burden.
DATES: Comments must be submitted on or before July 19, 2019.
ADDRESSES: You may submit comments, identified by ``Reporting,
Recordkeeping, and Daily Trading Records Requirements for Swap Dealers
and Major Swap Participants,'' and Collection Number 3038-0087 by any
of the following methods:
The Agency's website, at http://comments.cftc.gov/. Follow
the instructions for submitting comments through the website.
Mail: Christopher Kirkpatrick, Secretary of the
Commission, Commodity Futures Trading Commission, Three Lafayette
Centre, 1155 21st Street NW, Washington, DC 20581.
Hand Delivery/Courier: Same as Mail above.
Please submit your comments using only one method.
All comments must be submitted in English, or if not, accompanied
by an English translation. A copy of the supporting statement for the
collection of information discussed herein may be obtained by visiting
http://RegInfo.gov.
All comments must be submitted in English, or if not, accompanied
by an English translation. Comments will be posted as received to
http://www.cftc.gov. You should submit only information that you wish
to make available publicly. If you wish the Commission to consider
information that you believe is exempt from disclosure under the
Freedom of Information Act, a petition for confidential treatment of
the exempt information may be submitted according to the procedures
established in Sec. 145.9 of the Commission's regulations.\1\ The
Commission reserves the right, but shall have no obligation, to review,
pre-screen, filter, redact, refuse or remove any or all of your
submission from http://www.cftc.gov that it may deem to be
inappropriate for publication, such as obscene language. All
submissions that have been redacted or removed that contain comments on
the merits of the ICR will be retained in the public comment file and
will be considered as required under the Administrative Procedure Act
and other applicable laws, and may be accessible under the Freedom of
Information Act.
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\1\ 17 CFR 145.9.
FOR FURTHER INFORMATION CONTACT: Gregory Scopino, Special Counsel,
Division of Swap Dealer and Intermediary Oversight, Commodity Futures
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Trading Commission, (202) 418-5175; email: [email protected].
SUPPLEMENTARY INFORMATION: This notice solicits comments on the
collections of information mandated by Commission regulations 23.201
through 23.205 (Reporting, Recordkeeping, and Daily Trading Records
Requirements For Swap Dealers and Major Swap Participants).
Title: Reporting, Recordkeeping, and Daily Trading Records
Requirements for Swap Dealers and Major Swap Participants (OMB Control
Nos. 3038-0087). This is a request for an extension of currently
approved information collection.
Abstract: On April 3, 2012, the Commission adopted Commission
regulations 23.201 through 23.205 (Reporting, Recordkeeping, and Daily
Trading Records Requirements For Swap Dealers and Major Swap
Participants) \2\ pursuant to sections 4s(f) \3\ and 4s(g) \4\ of the
Commodity Exchange Act (``CEA'').\5\ Commission regulations 23.201
through 23.205 require, among other things, swap dealers (``SD'') \6\
and major swap participants (``MSP'') \7\ to maintain transaction and
position records of their swaps (including daily trading records) and
to maintain specified business records (including records related to
the governance and financial status of the swap dealer or major swap
participant, complaints received by such SD or MSP and such SD or MSP's
marketing and sales materials). They also require SDs and MSPs to
report certain swap transaction data to swap data repositories, to
satisfy certain real time public reporting requirements, and to
maintain records of information reported to swap data depositories and
for real time reporting purposes.\8\ The Commission believes that the
information collection obligations imposed by Commission regulations
23.201 through 23.205 are necessary to implement sections 4s(f) and
4s(g) of the CEA, including ensuring that each SD and MSP maintains the
required records of their business activities and an audit trail
sufficient to conduct comprehensive and accurate trade reconstruction.
On April 12, 2019, the Commission published in the Federal Register
notice of the proposed extension of this information collection and
provided 60 days for public comment on the proposed extension, 84 FR
14921 (``60-Day Notice''). The Commission did not receive any comments
on the 60-Day Notice.
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\2\ 17 CFR 23.201-23.205.
\3\ 7 U.S.C. 6s(f).
\4\ 7 U.S.C. 6s(g).
\5\ 77 FR 20128.
\6\ For the definition of SD, see section 1a(49) of the CEA and
Commission regulation 1.3. 7 U.S.C. 1a(49) and 17 CFR 1.3.
\7\ For the definitions of MSP, see section 1a(33) of the CEA
and Commission regulation 1.3. 7 U.S.C. 1a(33) and 17 CFR 1.3.
\8\ See 17 CFR 23.201-23.205.
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Burden Statement: The Commission is revising its estimate of the
burden for this collection to reflect the current number of respondents
and estimated burden hours. The respondent burden for this collection
is estimated to be as follows:
Number of Registrants: 103.
Estimated Average Burden Hours per Registrant: 2,096.
Estimated Aggregate Burden Hours: 215,888.
Frequency of Recordkeeping: As applicable.
There are no capital costs or operating and maintenance costs
associated with this collection.
(Authority: 44 U.S.C. 3501 et seq.)
Dated: June 13, 2019.
Robert Sidman,
Deputy Secretary of the Commission.
[FR Doc. 2019-12941 Filed 6-18-19; 8:45 am]
BILLING CODE 6351-01-P